Property Details
4411 59 Street
Stettler (A2333818)
Description
INVESTMENT OPPORTUNITY – GRAND VIEW PLAZA! An excellent opportunity to own a fully leased commercial property offering strong income, long-term tenancy and minimal owner involvement. Grand View Plaza generates $8250/ per month in base rental income, or $99,000 annually, plus GST. Current rents include $2,750/month for the liquor store, $1,500/month for the barber shop, and $4,000/month for the grocery store business (currently leased to the tenant)and bay. Two new (Aug 2026) five-year leases and one new(June 2026) three-year lease are in place. Tenants are responsible for their respective operating expenses as set out in the leases, including property taxes, insurance, utilities, and their own snow removal.
The plaza benefits from two established, long-term tenants who intend to stay, along with an exciting new business expected to bring additional traffic to the property. Significant capital improvements have already been completed, with over 100k invested into a new roof and updated/replaced HVAC units in 2019, plus replacement of majority of the windows in two of the three bays very recently.
Located along a busy corridor just off Highway 56, Grand View Plaza offers excellent accessibility, easy vehicle access and a large parking lot.
Adding another unique layer to this investment, the sale includes ownership of the Grand View Grocery business, along with the equipment, shelving and fixtures used to operate it. The grocery business and bay are currently leased under a new five-year agreement, providing additional future potential for the purchaser, with no current involvement in the business.
With a high cap rate, long-term tenancy, significant capital improvements already completed and minimal ongoing owner responsibilities, Grand View Plaza presents an attractive opportunity for an investor seeking high income with a hands off approach.
Property details
- MLS® #
- A2333818
- Property Type:
- Commercial
- Subtype:
- Mixed Use
- Subdivision:
- Grandview
- Price
- $950,000
- Sale/Lease:
- For Sale
- Size:
- 7,000 sq.ft.
- Year Built:
- 1979 (47 years old)
- Structure Type:
- Multi Unit
- Building Name:
- Grandview Plaza
- Garage:
- No
- Fence:
- Basement:
- No
- Inclusions:
- Grocery Store, Shelving, Built-in Coolers, Freezer, Front Counter, POS System
- Lot Size:
- 0 acres
- Lot Features:
- Low Maintenance Landscape, Paved, Street Lighting
- Zoning:
- C2
- Business Name:
- Grandview Grocery
- Business Type:
- Convenience Store,Grocery,Retail
- Roof:
- Flat Torch Membrane
- Exterior:
- Brick,Concrete
- Foundation:
- Poured Concrete
- Heating:
- Forced Air, Natural Gas
- Cooling:
- Central Air
- Possession:
- Immediate,Negotiable
- Days on Market:
- 57
Basic Info
Building Info
Lot / Land Info
Business Info
Materials & Systems
Listing Info
Contact
Find Us
Awards
2019 Top 50 REALTORS Under 35 in Canada
2018 Top 200 REALTORS in Canada
Contact
587-777-7276
yuri@grassrootsrealtygroup.ca
#118, 8805 Resources Road
Grande Prairie, AB
T8V 3A6
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